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| Topic: |
Business
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| Number of pages / Number of words: |
9 / 2292 |
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By the late 1970's AMF lost faith in the acquisition and slated it for divestiture. When no buyers for the company emerged, 13 executives engineered a leveraged buyout of Harley-Davidson in 1981. Harley-Davidson struggled under a heavy debt load and came within four hours of bankruptcy in 1985, before then-CEO Richard Teerlink was able to convince new creditors to step in and restructure Harley with less costly financing terms...
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When no buyers for the company emerged, 13 executives engineered a leveraged buyout of Harley-Davidson in 1981. Harley-Davidson struggled under a heavy debt load and came within four hours of bankruptcy in 1985, before then-CEO Richard Teerlink was able to convince new creditors to step in and restructure Harley with less costly financing terms...
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